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5 Things to Know Today: BoC Minutes, U.S. CPI and Cheaper Gas (Nov. 8, 2026)

  Canadian Money Brief • Sunday, November 8, 2026 Markets are closed until Monday, but the week ahead is loaded: two Bank of Canada releases, a key U.S. inflation report and some welcome relief at the pump. Here are five things to know today, and what each means for your wallet. 1. Two Bank of Canada releases land early this week The Bank of Canada publishes its Q3 Market Participants Survey Monday at 10:30 a.m. ET, then the summary of deliberations behind its Oct. 28 rate decision Tuesday at 1:30 p.m. ET. The Bank raised its policy rate 25 basis points to 2.50% that day, its first hike since July 2023, and signalled more tightening was possible if energy costs spill into broader prices. The minutes were written before the post-midterm oil drop, so watch how hawkish the tone is. What it means for you: If you have a variable-rate mortgage or a HELOC, the minutes help show whether another hike is on the table at the next decision on Dec. 9. A hawkish read keeps pressure on borrowin...
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Trump Escapes Prison and Fines in Hush-Money Case

In a landmark decision, President-elect Donald Trump has avoided any prison time or fines in the hush-money case that has captivated the nation. On Friday, Judge Juan Merchan handed Trump an unconditional discharge, sparing him from jail time, fines, or probation. This ruling makes Trump the first convicted felon to hold the White House.

Trump was convicted in May on 34 counts of falsifying business records to cover up a $130,000 payment to adult film star Stormy Daniels during his 2016 presidential campaign. Despite the potential penalties of up to four years in prison and $5,000 in fines for each count, the judge opted for an alternative sentence, citing the unique circumstances of the case.

During the hearing, Trump maintained his innocence and described the case as a "tremendous setback" for the justice system. The decision has sparked widespread debate, with some praising the judge's discretion and others criticizing the lack of tangible consequences for the president-elect.

Trump's legal team has indicated plans to appeal the jury's verdict, but for now, he remains a convicted felon as he prepares to take office on January 20.

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